Bluesphere Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,248 shares of the information services provider's stock after selling 1,969 shares during the quarter. Alphabet makes up about 2.8% of Bluesphere Advisors LLC's portfolio, making the stock its 7th biggest holding. Bluesphere Advisors LLC's holdings in Alphabet were worth $4,832,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Sheets Smith Wealth Management increased its stake in Alphabet by 0.9% during the 1st quarter. Sheets Smith Wealth Management now owns 13,860 shares of the information services provider's stock worth $2,143,000 after buying an additional 121 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its position in shares of Alphabet by 0.6% in the first quarter. Kirr Marbach & Co. LLC IN now owns 90,911 shares of the information services provider's stock valued at $14,058,000 after acquiring an additional 551 shares in the last quarter. Sava Infond d.o.o. boosted its stake in shares of Alphabet by 3.3% in the first quarter. Sava Infond d.o.o. now owns 129,090 shares of the information services provider's stock worth $19,962,000 after acquiring an additional 4,150 shares during the last quarter. LaFleur & Godfrey LLC increased its position in shares of Alphabet by 7.4% during the first quarter. LaFleur & Godfrey LLC now owns 18,746 shares of the information services provider's stock worth $2,899,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Petros Family Wealth LLC raised its stake in Alphabet by 10.0% in the 1st quarter. Petros Family Wealth LLC now owns 4,744 shares of the information services provider's stock valued at $734,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Insiders Place Their Bets
In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the sale, the chief executive officer now directly owns 2,555,196 shares in the company, valued at approximately $451,452,029.28. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,195 shares of company stock worth $35,764,898 over the last 90 days. Corporate insiders own 11.55% of the company's stock.
Alphabet Trading Down 0.8%
NASDAQ GOOGL traded down $1.41 during trading on Monday, hitting $177.12. The stock had a trading volume of 11,447,146 shares, compared to its average volume of 31,177,392. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.15 trillion, a PE ratio of 19.79, a PEG ratio of 1.26 and a beta of 1.01. The firm has a 50 day moving average price of $166.45 and a 200 day moving average price of $174.26. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter last year, the firm posted $1.89 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.
Analyst Ratings Changes
GOOGL has been the topic of several recent research reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Tigress Financial raised their price target on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. BNP Paribas Exane restated a "neutral" rating and set a $172.00 price target on shares of Alphabet in a research report on Friday. Rosenblatt Securities reiterated a "neutral" rating and issued a $189.00 price objective on shares of Alphabet in a report on Wednesday, May 21st. Finally, Bank of America raised their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.95.
Check Out Our Latest Stock Report on Alphabet
Alphabet Profile
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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